RE: warrants2 Aug 2020 00:46
Evening all.
An interesting debate and not one that I'll add any tin foil hat stuff to other than to say this - anything to do with money will be agreed between the company and the money guys with the money guys usually calling the shots - amounts and timing - and that goes for "news" too.
£9m was poured into this a few months ago at 3.75p with a US west coast hedge fund taking a big chunk of that - given that their fellow west coast neighbours Apple also recently poured £100m into this very same space and FB's known VR/music plans, again, in the very same space you can see why this may suddenly be on lots of people's radars throughout H2.
I have no earthly idea what will or won't happen here but when I had the idea in 2019 H2 of gold booming off the back of a number of forward-looking catalysts I had to stick around for a bit to see if I was right - gold is now at $2k, from my major shout on it at c$1.3k last year.
Who knows if I'll be right on this one but in terms of catalysts, you can see how there could be real synergy here if the ducks line up. The idea for MVR came about when I started thinking about Covid and the opportunities it may produce, outside of the obvious miracle Covid vaccine plays etc - I've got some experience in the live entertainment industry (on the financial side) and knew how badly the (gigantic) interests in this space must be hurting with no end in sight and how MVR could provide a silver bullet for at least some of the massive loss in revenue experienced by other companies.
Time will tell whether this one really comes together but I've added further recently, courtesy of some of those gold play profits - fingers crossed for the right kind of news to make my 50p target shout viable.
The only thing I do know for sure is how good the tech looks - the video and sound quality of their live VR feeds are superb and I'm a bit of an audio/videophile myself. I'm also a backend cloud software architect and I know first-hand how long it takes to build infrastructure (and front-end apps) so while the last couple of years may seem like a waste and disappointing to long-term holders, the reality may be that it's actually been time well spent if MVR are one of the few companies out there with the right (working!!) tech in the right space at the right time.
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